Doctrine values and economic advancement : a review of recent studies

Abstract EN

Historically, economic development went through various stages of growth and advancement.

Nowadays, and despite entering a modern phase of progress, problems such as poverty, social injustice and unemployment are not solved yet.

The existing and prevailing economic innovation models which were discussed in recent studies failed to contribute towards peace, safety, and prosperity worldwide.

However, they created new problems such as depletion and degradation of natural resources, environmental pollution, labor shortage, and conflicts in different fields of life because these economic models were not based on social, religious, and economic doctrine values.

The findings indicate that there is a need for a new economic model which should be based on social, religious, and economic doctrine values.

Thus, the modern economists of East and West should play a role in building, developing, and applying a new economic model based on these new values.

Economic development should not be achieved without the integration of social, religious, and economic values.